S Consider the following figure: WEI WH E₁ WL WE2 E DL 0 A' T' When the wage continues to fall below WH, then O All adults, but no children, work O All adults work and just few families send their children to work O All adults work and more and more families send their children to work as the wage is decreasing rapidly O All adults and all children work
S Consider the following figure: WEI WH E₁ WL WE2 E DL 0 A' T' When the wage continues to fall below WH, then O All adults, but no children, work O All adults work and just few families send their children to work O All adults work and more and more families send their children to work as the wage is decreasing rapidly O All adults and all children work
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:S
Consider the following figure:
WEI
WH
E₁
WL
WE2
E
DL
0
A'
T'
When the wage continues to fall below WH, then
O All adults, but no children, work
O All adults work and just few families send their children to work
O All adults work and more and more families send their children to work as the wage is decreasing
rapidly
O All adults and all children work
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